Lattice Layoffs

January 2023

Lattice announced a layoff affecting 105 employees (15% of its workforce) in January 2023. The company operates in the HR sector.

People Affected

105

Percentage

15%

Announced Date

Jan 12, 2023

About

Lattice, an HR software company, is laying off approximately 15% of its workforce as part of a reorganization to adapt to changing economic conditions. CEO Jack Altman announced the difficult decision, citing that while revenue has grown fivefold since the pandemic, costs increased even more in anticipation of continued rapid growth that now seems unlikely. The shift from a low-interest-rate environment in 2020-2021 to a 2023 landscape where customers are cutting spending has forced Lattice to prioritize efficiency over expansion. This restructuring means the company will maintain a relatively flat headcount for FY'24, moving away from previous aggressive hiring practices to build a more sustainable business focused on long-term strategy and customer experience.